Waterland to Rival Epiris Bid for Gamma
Dutch private equity firm Waterland plans a higher takeover offer for British telecom firm Gamma Communications than a recent £1.08 billion bid by Epiris. Waterland intends to sell two divisions to Giacom upon completion.
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Dutch private equity firm Waterland plans to top a £1.08 billion ($1.38 billion) buyout proposal for Gamma Communications plc from Epiris, according to a Sunday Times report published over the weekend. The potential counter-bid sets up a competitive battle for the British telecommunications provider. Investors are weighing the financial upside of Waterland's proposal against the execution risks involved in its planned asset sales.
